HOLLYWOOD, Calif., Aug. 4, 2005 (PRIMEZONE) -- Film and Music Entertainment, Inc. (Pink Sheets:FLME), a publicly traded Hollywood based independent film production and distribution company, announced today it filed Form 10-SB-A/1 with the Securities and Exchange Commission. Included in the filing are the audited financials for 2004 as well as the un-audited financials through June 30, 2005. Film and Music Entertainment plans to become a SEC registered company under Section 12 of the 1934 Act. A copy of the filing can be viewed at www.sec.gov in the Company Filings section of the SEC webpage. A copy of the filing is also available on the company's web site, www.famefilm.com.
Film and Music Entertainment is an independent entertainment production and distribution company, which produces high quality, theatrical feature films for worldwide distribution.
Statements included within this press release that are not historical in nature constitute forward-looking statements for the purpose of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Investors are cautioned that this press release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate," "believe," "estimate," "expect," and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. There can be no assurance that the Company will be able to market, sell or deliver successfully its services inside or outside the United States, given risk factors including but not limited to unexpected changes in regulatory requirements, export restrictions, tariffs and other trade barriers, longer payment cycles, and fluctuations in currency exchange rates, any of which could adversely affect the Company's operations. There can be no assurance that one or more of these factors will not have a material adverse affect on the Company's current or future operations and consequently, on the Company's business, results of operations, and financial condition.